Envestnet Asset Management Inc. Has $1.59 Million Holdings in Smith Douglas Homes Corp. (NYSE:SDHC)

Envestnet Asset Management Inc. cut its position in Smith Douglas Homes Corp. (NYSE:SDHC) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,928 shares of the company’s stock after selling 1,048 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of Smith Douglas Homes worth $1,588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SDHC. Arcadia Investment Management Corp MI acquired a new stake in Smith Douglas Homes in the 4th quarter worth $27,000. Trexquant Investment LP acquired a new stake in Smith Douglas Homes in the 4th quarter worth $218,000. Yorktown Management & Research Co Inc acquired a new stake in Smith Douglas Homes in the 4th quarter worth $236,000. Bank of New York Mellon Corp acquired a new stake in Smith Douglas Homes in the 4th quarter worth $328,000. Finally, Virtu Financial LLC acquired a new stake in Smith Douglas Homes in the 3rd quarter worth $344,000.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America lowered shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $33.00 to $22.00 in a research report on Monday, January 27th. Wells Fargo & Company decreased their price target on shares of Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, Smith Douglas Homes currently has an average rating of “Hold” and an average price target of $24.60.

Smith Douglas Homes Stock Performance

NYSE:SDHC opened at $19.88 on Tuesday. The company has a 50-day moving average of $20.05 and a 200-day moving average of $25.97. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 6.87 and a beta of 1.31. Smith Douglas Homes Corp. has a 52 week low of $17.03 and a 52 week high of $39.50.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings data on Wednesday, March 12th. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $287.49 million during the quarter, compared to the consensus estimate of $265.85 million. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. Sell-side analysts forecast that Smith Douglas Homes Corp. will post 1.73 EPS for the current year.

Smith Douglas Homes Company Profile

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.